Brokerages Set Cheniere Energy, Inc. (NYSE:LNG) PT at $192.56

Cheniere Energy, Inc. (NYSE:LNG) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $193.90.

LNG has been the subject of a number of research reports. TD Cowen decreased their price objective on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. UBS Group decreased their price target on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a report on Wednesday. Redburn Atlantic started coverage on shares of Cheniere Energy in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price objective on the stock. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Finally, Barclays boosted their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th.

Cheniere Energy Stock Performance

Shares of NYSE:LNG opened at $157.36 on Monday. The firm has a market cap of $36.30 billion, a P/E ratio of 3.89 and a beta of 0.94. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51. The firm’s fifty day moving average is $157.95. Cheniere Energy has a one year low of $135.30 and a one year high of $183.46.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, topping the consensus estimate of $2.70 by $3.06. The business had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The firm’s quarterly revenue was down 46.9% compared to the same quarter last year. During the same period last year, the firm posted $15.78 earnings per share. As a group, research analysts forecast that Cheniere Energy will post 8.39 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were paid a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Monday, February 5th. Cheniere Energy’s payout ratio is presently 4.30%.

Institutional Trading of Cheniere Energy

Large investors have recently made changes to their positions in the stock. HHM Wealth Advisors LLC bought a new position in shares of Cheniere Energy in the 3rd quarter valued at approximately $25,000. Cooksen Wealth LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter worth $28,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Cheniere Energy by 203.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock worth $29,000 after buying an additional 118 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Cheniere Energy during the 1st quarter worth $29,000. Finally, OFI Invest Asset Management acquired a new position in Cheniere Energy in the 3rd quarter valued at $40,000. Institutional investors own 87.26% of the company’s stock.

About Cheniere Energy

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.